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You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner ( leasing is a common practice with expensive, high - tech

You work for a nuclear research laboratory that is contemplating leasing a diagnostic
scanner (leasing is a common practice with expensive, high-tech equipment). The
scanner costs $5,600,000 and would be depreclated straight-IIne to zero over five
years. Because of radiation contamination, it will actually be completely valueless in five
years. Assume that the tax rate is 22 percent. You can borrow at 8 percent before taxes.
What would the lease payment have to be for both the lessor and the lessee to be
indifferent about the lease? (Do not round Intermedlate calculations and round
your answer to 2 decimal places, e.g.,32.16.)
Break-even lease payment
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